External reference pricing

External reference pricing (ERP), also known as international reference pricing, is the practice of regulating the price of a medication in one country, by comparing with the price in a "basket" of other reference countries. It contrasts with internal reference pricing, where the price of one drug is compared to the domestic price of therapeutically related drugs, and with cost-plus pricing, where the price involves negotiating an acceptable markup to the unit cost to develop and produce.^: 300

Countries using external reference pricing (ERP) for medications cost-containment policies in 2018 or latest data. Categories of medications include generics, patented, reimbursed-only or imported medicines.

ERP used as main criterion for at least one category of medications

ERP as at least a supportive information

Unknown criteria

Experimental or informal use of ERP

Not using ERP

Using internal reference pricing

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.